July corn closed down its 40-cent daily limit Thursday, a show of how nervous the market is getting at these higher price levels. Grains had many of the largest percentage losses on Thursday’s commodity board, led by a 6.1% drop in July soybean meal.
July corn closed down its 40-cent daily limit and December corn was down 34 3/4 cents. July soybeans closed down 58 1/2 cents and November soybeans were down 47 1/4 cents. July KC wheat closed down 33 cents, July Chicago wheat was down 28 1/4 cents and July Minneapolis wheat was down 24 1/4 cents.
The June U.S. Dollar Index is trading up 0.10 at 90.79. The Dow Jones Industrial Average is up 482.11 points at 34,069.77. June gold is up $2.30 at $1,825.10, July silver is down $0.11 at $27.14 and July copper is down $0.0440. June crude oil is down $2.30 at $63.78, June heating oil is down $0.0696, June RBOB gasoline is down $0.0662 and June natural gas is up $0.006.